Transforming the Economic Development Pattern Is an Urgent Strategic Task

Abstract

At the workshop on implementing the Theory of Balanced and Sustainable Development attended by provincial leaders in early 2010, President Hu Jintao stressed that transforming the economic development pattern is an urgent strategic task. This important decision, which was in line with domestic and international economic situations, has been urgently needed to deal with the international financial crisis and to sustain the sound momentum of economic recovery since the second half of 2009, and is a fundamental approach for implementing the Theory of Balanced and Sustainable Development and maintaining steady and fast growth for a relatively long period of time. China will further its understanding on the importance and urgency of transforming the development pattern, and pool its energy and resources to make breakthroughs in transforming the development pattern in the near term.

This article originally appeared in Study on Accelerating Transformation of Development Pattern (2010–2011), Social Sciences Academic Press, Beijing, 2011).